Coronavirus: USA Rugby files for bankruptcy
Organisation has highlighted the Covid-19 outbreak and the cancellation of games as the reason for insolvency.
US.- USA Rugby has filed for bankruptcy, declaring the global Covid-19 pandemic as the main reason for its insolvency.
The organisation claimed that “insurmountable financial constraints” since the spread of the outbreak has caused game cancellations throughout the country.
It has filed under Chapter 11 of the United States Bankruptcy Code, which is commonly referred to as a ‘reorganisation’ bankruptcy according to Sports Mole.
Rugby is the fastest growing sport in the United States, with both men’s and women’s teams qualifying for the now rescheduled Tokyo Olympic Games.
Domestic games were officially suspended from the 20 March, marking a fast turnaround for the bankruptcy filing.
USA Rugby will now complete a restructuring process with input from World Rugby. The country’s men’s and women’s senior national teams will continue to compete as normal whenever rugby returns following the outbreak of Coronavirus.
